Here is the latest update from the Bank of Ireland. For more information visit their website here or for full details of their Lending Criteria, click here.
New Product Launch & Withdrawals
Overview of changes:
Bespoke
- STD – withdrawing 70% and 80% LTV, as well as the £1,995 fee products at 0-75% LTV to support margins and speed to market
- STD 0-90% LTV & GNBs – increasing by 70bps (2yr and 5yr)
- BTL – withdrawing all Free Legal products due to low volume and to support speed to market
- BTL 60% LTV – increasing by up to 73bps (2yr) and up to 76bps (5yr)
- BTL 75% LTV – increasing by up to 72bps (2yr) and up to 83bps (5yr)
- Large Loans 75% LTV – increasing by up to 65bps (2yr & 5yr)
- Large Loans >75% LTV – increasing by up to 60bps (2yr & 5yr)
- End date of August on all new products
BOI4I Residential
- 2 year STD range increased by up to 69bps
- 5 year STD range increased by up to 65bps
- End date of August on all new products.
To make way for the new products some of our current products will be withdrawn at 9am, Friday 2nd June.